Answer :
Final answer:
Solver in Microsoft Excel can be used to find optimal solutions for various problems, such as a linear programming problem. It helps us maximize or minimize an objective function while satisfying given constraints.
Explanation:
Solver is a feature in Microsoft Excel that can be used to find an optimal solution for various problems. Let's consider an example of a linear programming problem. Suppose we have a company that produces two products, A and B. The company has limited resources available each month - 80 hours of production time and 1000 units of raw material. Product A requires 4 hours of production time and 20 units of raw material per unit, while product B requires 5 hours of production time and 10 units of raw material per unit. The objective is to maximize the company's profit given certain constraints. By setting up appropriate equations and constraints in Excel, we can use Solver to find the optimal production quantities for products A and B that maximize profit.
Learn more about Solver feature in Microsoft Excel here:
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